"This week, committees on both sides of Capitol Hill will plumb the conundrum of Chinese currency manipulation. The conundrum isn't that -- or why -- China is manipulating its currency: By undervaluing it, China is systematically able to underprice its exports, putting American (and other nations')manufacturingconsumers and businesses that purchase China’ cheap imports at a significantdisadvantage. The conundrum is why the hell the United Statesisn't doingthinks it should do anything about it.
There are certainly plenty of senators and congressmen -- andMain Street AmericansU.S. producers that compete with China -- who'd like to see the White House place sometariffstaxes on American consumers and businesses who purchase theunderpricedlow-priced Chinese imports. If the administration doesn't act, Congress may just consider mandating sometariffspunitive taxes against American consumers and business on its own."
Ro Khanna: Democrats lost 2024 because they became the ‘party of war,’
overlooked inflation
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The progressive from California said in a POLITICO podcast that Democrats’
stance on Israel hurt their chances with young voters.
1 hour ago
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